re: I don't understand the $1 trillion dollar coin concept

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It's a way to remove the money from the money supply, to combat inflation.

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See here’s the problem. We already operate in a deficit. There’s no way that extra tax revenue won’t just go into new spending or covering existing spending

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MMT survives, in part, by looking at money in a vacuum which separates it from the anything else which gives value to it other than sheer amount of existing currency. Another large part of the value of the USD (aside from the numerical amount of Dollars) comes from the desirability of US debt as an investment vehicle. This has helped keep the USD as the world's primary reserve currency, which also helps create extra value for it by giving reasons for Demand to be created other than just because the currency exists.

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Yes if we're expanding the discussion into international effects, it is a criticism of MMT, which is hyper-national in scope.

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There’s no way that extra tax revenue won’t just go into new spending or covering existing spending

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I 100% said that in practice, the ruling body would never be disciplined enough to implement the theoretical MMT model

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I don't think you can get away from it when pontificating on MMT's potential impact on the USD, as opposed to a that of a purely theoretical currency in a purely theoretical environment.

I'm talking about the former, I think you may have been talking about the latter?

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I was more just talking about the actual theory of MMT. What the actual theory is, and how its discussed, are 2 different things.

I don't believe in MMT, but it's underlying domestic theories aren't as crazy as the news clips make it out to be. Even then, I said that (1) most people who promote MMT don't understand the anti-inflationary measures that they'll hate and (2) no government would have the balls to implement MMT properly.

But yes, you made a very good point that the international effects on the USD in particular, would be devastating, potentially. I do not think that MMT theorists/proponents even conceptualize the international monetary effects MMT would create.